There is little question Nvidia (NASDAQ:NVDA) has been the most consequential stock over the last two years. It has sometimes carried the entire market higher on its back. As one of the Magnificent 7 stocks that was largely responsible for the S&P 500's gains in 2023 and still responsible for much of the popular index's performance this year,

While Blackwell GPUs are already shipping in 2024, management noted that demand far outpaces production capacity, and expanding production to capture those sales in 2025 will be key. Blackwell GPUs are slated to be a huge boost for Nvidia in 2025 and will help drive further sales growth.

With the arrival of artificial intelligence (AI) and the inclination toward digital and online services picking up, shares of magnificent 7 stocks popped up for most of the year. Their weightage in the S&P 500 more than doubled from a decade ago,